Indian cryptocurrency exchange CoinDCX stated that Indian law enforcement officials visited its Bangalore office on November 4th for a routine inquiry. CoinDCX has fully cooperated and provided necessary information, and trading, deposit, and withdrawal services on the platform are currently operating normally.
CoinDCX is registered with the Indian Financial Intelligence Agency, regularly assists law enforcement agencies in conducting inquiries, and complies with the Foreign Exchange Control Act 1999 and customer identification, anti-money laundering, and reporting obligations.
Indian law enforcement authorities raided three locations associated with CoinDCX and Delta Exchange, alleging unauthorized cross-border transactions.